The property located at 4202 E Fowler Ave, Tampa, FL, is a prime example of the city's growing real estate market. As one of the most populous cities in the state of Florida, Tampa has become a hub for businesses, families, and individuals looking to invest in the region. In this article, we will delve into the property insights of 4202 E Fowler Ave, exploring its history, features, and market trends.
Understanding the Property
The property at 4202 E Fowler Ave is situated in the heart of Tampa, near the intersection of E Fowler Ave and N 42nd St. The property is zoned for commercial use and has a total land area of approximately 1.25 acres. The building itself is a single-story structure with a total living area of around 10,000 square feet.
History of the Property
The property at 4202 E Fowler Ave has a rich history, dating back to the early 20th century. Initially, the property was used as a residential home, but over the years, it has undergone significant transformations to accommodate the growing commercial needs of the area. In the 1950s, the property was converted into a retail space, and it has since been home to various businesses, including a gas station, a restaurant, and a convenience store.
Features of the Property
The property at 4202 E Fowler Ave boasts several features that make it an attractive investment opportunity. Some of the key features include:
- Prime Location: The property is situated in a high-traffic area, with easy access to major highways and public transportation.
- Commercial Zoning: The property is zoned for commercial use, making it an ideal location for businesses looking to establish a presence in the area.
- Large Land Area: The property has a total land area of approximately 1.25 acres, providing ample space for expansion or redevelopment.
- Single-Story Structure: The building is a single-story structure, making it easy to maintain and manage.
Market Trends
The real estate market in Tampa is currently experiencing a surge in growth, with property values increasing by over 10% in the past year alone. The demand for commercial properties in the area is high, driven by the city's growing population and business sector.
Investment Opportunities
The property at 4202 E Fowler Ave presents several investment opportunities for buyers looking to capitalize on the growing demand for commercial properties in the area. Some potential investment strategies include:
- Redevelopment: The property could be redeveloped into a mixed-use complex, featuring retail, office, and residential spaces.
- Renovation: The existing building could be renovated to accommodate new businesses, increasing the property's value and rental income.
- Land Banking: The property could be held as a long-term investment, with the potential for future redevelopment or sale.
Conclusion
The property at 4202 E Fowler Ave is a prime example of the opportunities available in Tampa's growing real estate market. With its prime location, commercial zoning, and large land area, the property presents several investment opportunities for buyers looking to capitalize on the demand for commercial properties in the area.
Gallery of 4202 E Fowler Ave Tampa FL
FAQs
What is the current market value of the property?
+The current market value of the property is approximately $1.5 million.
What are the potential investment opportunities for the property?
+The property presents several investment opportunities, including redevelopment, renovation, and land banking.
What is the current zoning of the property?
+The property is currently zoned for commercial use.
We hope this article has provided you with valuable insights into the property at 4202 E Fowler Ave, Tampa, FL. If you have any further questions or would like to learn more about the property, please don't hesitate to contact us.